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Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
By Yantoultra Ngui SINGAPORE, June 12 (Reuters) - Temasek has joined a consortium backed by Microsoft MSFT.O, BlackRock BLK.N and tech investment company MGX to invest and expand artificial intelligence infrastructure, according to BlackRock's investor day presentation slides on Thursday.The ...Reuters
Thu, Jun 12
US: From trade war to capital war – ABN AMRO
The One Big Beautiful Bill contains many worrying aspects that further increase the debt level, without a strong economic impulse. Beyond the headline tax cuts, it also contains some proposals for various taxes, such as Section 899, that look an awful lot like capital controls.Fxstreet
Thu, Jun 12
Barbie-maker Mattel teams up with OpenAI, eyes first AI-powered product this year
June 12 (Reuters) - Mattel MAT.O has teamed up with OpenAI to develop toys and games with artificial intelligence, and expects to launch its first AI-powered product later this year, the Barbie-maker said on Thursday.The company, which also makes Hot Wheels and Uno cards, plans to "bring the mag...Reuters
Thu, Jun 12
Goldman Sachs trims 12-month US recession probability to 30%
June 12 (Reuters) - Goldman Sachs on Thursday trimmed its U.S. recession probability to 30% from 35% for the next twelve months on easing uncertainty around President Donald Trump's tariff policies after the U.S. and China affirmed a trade deal. Earlier this week, negotiators from Washing...Reuters
Thu, Jun 12
TREASURIES-US yields continue slide after worsening labor data
June 12 (Reuters) - U.S. Treasury yields on Thursday were on track for a fourth straight day of declines as markets absorbed economic data pointing to a worsening labor market and a moderate uptick in wholesale inflation.Investors are also awaiting a $22 billion auction later Thursday of 30-year bon...Reuters
Thu, Jun 12
Fed seen on track to resume rate cuts after inflation, job market data
By Ann Saphir June 12 (Reuters) - The Federal Reserve's path to interest rate cuts starting in September appeared to widen on Thursday, after a pair of government reports pointed to cooler inflation and signs of potential weakening in the labor market. U.S. producer prices advanced 2.6% in M...Reuters
Thu, Jun 12
British exports to US suffer record hit from Trump tariffs
UK goods exports to US fell by record 2 billion pounds in AprilMonthly decline of 33% appears sharper than Germany'sExport slump contributed to bigger-than-expected GDP dropBusinesses hope May trade agreement will reverse declineBy David Milliken LONDON, June 12 (Reuters) - British goods expo...Reuters
Thu, Jun 12
US producer prices rebound less than expected in May
WASHINGTON, June 12 (Reuters) - U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares.The producer price index for final demand rebounded 0.1% last month after a revised 0.2% decline in April, the Labor Department's Bureau of Labor Statis...Reuters
Thu, Jun 12
Traders boost bets on Fed rate cuts after PPI, jobless claims data
June 12 (Reuters) - Futures that settle to the Federal Reserve's policy rate reflected rising bets that the U.S. central bank will deliver a pair of back-to-back interest rate cuts starting in September, after government data on Thursday showed US weekly jobless claims were steady at elevated le...Reuters
Thu, Jun 12
US: Initial Jobless Claims rose to 248K last week
US citizens filing new applications for unemployment insurance climbed to 248K for the week ending May 31, as reported by the US Department of Labor (DOL) on Thursday. This print came in above the initial estimates and matched the previous week's revised tally.Fxstreet
Thu, Jun 12
US weekly jobless claims steady at higher levels
WASHINGTON, June 12 (Reuters) - The number of Americans filing new applications for unemployment benefits was unchanged at higher levels last week as labor market conditions continued to steadily ease.Initial claims for state unemployment benefits held steady at a seasonally adjusted 248,000 for the...Reuters
Thu, Jun 12
